Spin-Off

Spin-Off

The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders.

When a spin-off occurs, the shareholders of the parent corporation are not required to surrender any of their parent corporation stock in exchange for the subsidiary's stock.

In the event that the distribution of stock to the parent corporation's shareholders amounts to a dividend, the distribution can be taxed pursuant to provisions of Income Tax statutes.

Without a real hit record to their name, the creative force behind Stavely Makepeace, namely Rob Woodward (vocals, piano) and Nigel Fletcher (drums) liked the idea of an off-shoot band based around two pianos, drums and bass.

Far out Cantonwards, as far as the tramlines go, to the confines of Ely, there stands a cluster of new streets - Daisy Street, Ethel Street, Ivy Street and Conybeare Road, and numerous off-shoots from the main road at the tram terminus, Clive Road.

He said the war in Iraq "is making billions of dollars for the big corporations, whether it be those who manufacture weapons or reconstruction firms like Halliburton and its off-shoot sister companies.

This contribution to Renaissance art history concerns the painted decoration of the small library of the rather obscure Abbey at Praglia, an off-shoot of the better known Benedictine Cassinese house at S.

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